Posts

Schools stand to get a potential bill reduction of up to 61% this month…

Schools stand to get a potential bill reduction of up to 61% this month compared to if they had to pay expected wholesale energy prices, according to new analysis following the rollout of the Energy Bill Relief Scheme. 

The energy bills insight, conducted by AI and analytics leader SAS, analysed ONS data from more than 1.6 million business-used buildings to understand how much gas and electricity each sector consumes.  

Following the new scheme, the education industry is currently expected to see an average annual bill per building of £50,750 compared to a forecasted £133,500 if prices had remained at expected winter wholesale costs. 

As businesses anticipate their first bill of the six-month scheme, SAS compared average business energy use and the previously expected wholesale price for winter 2022 with the government’s current non-domestic price cap, to understand how the help will affect different industries. 

The government has stated that wholesale prices could have risen to as much as £600 MWh for electricity and £180 MWh for gas this winter. The new scheme has seen fixed base rate prices of £211 per MWh for electricity and £75 per MWh for gas. 

The research highlighted that businesses that are public-sector focused – healthcare, emergency services and education – will benefit most from the scheme. 

While all industries look set to receive bills that are, on average, more than half of what would otherwise be expected, the retail sector had one of the lowest potential bill reductions, amid calls for support for the high street to help keep product costs down. 

Under the new scheme, emergency services are likely to be spending the most per building on energy – at an average of £90,250. This is perhaps not surprising given a reliable power supply can be key to saving lives for disaster response companies, the police force and the fire & rescue service. 

The industries with the biggest potential reduction in their energy bills: 

Industry Energy cost per building with new price cap (£) Energy cost per building with estimated wholesale price (£) Potential bill reduction per building (£) Potential bill reduction  %
Health 53,190 138,460 85,270 62%
Education and schools 50,750 133,500 82,750 61%
Emergency Services 90,250 240,000 149,750 60%
Arts and Leisure 19,490 52,110 32,610 60%
Hospitality 10,060 27,050 16,990 59%
Factories 54,650 147,620 92,960 59%
Offices 13,710 37,880 24,160 57%
Retail 7,730 21,370 13,640 57%
Warehousing 17,270 47,890 30,620 56%

Government data reveals that more than half of UK businesses with 10 or more employees have reported rising energy costs as the main reason that they’re considering increasing their prices in October 2022.  

David Ferguson, a risk management specialist at SAS UK & Ireland, said: 

“The energy crisis has dominated the news agenda in recent months, and for good reason as consumers and businesses alike are concerned about how to tackle rising costs. It’s understandable that some businesses were – and potentially still are – worrying, as they could be paying over £100,000 extra a year for energy at a time where budgets are already tight. 

“In a constantly changing environment, applying AI to achieve energy-saving tactics can help businesses to see and deliver cost-saving results quickly. Smart meters, for example, can help businesses and homeowners alike across the UK to better understand their real-time energy consumption, and lead to more accurate billing.   

“Equally energy providers can use these techniques to run multiple what-if scenarios and forecast revenues, given inputs of variability in bad debt, customer attrition, government support and a volatile economic climate. This type of decision support is vital for CFOs and COOs in deciding how to develop and execute on strategies to manage financial and operational components of the business.

“The level of price reductions will vary across businesses, depending on their contract type and their circumstances. Our research highlights just how much businesses could be spending on energy – and the importance of all companies using technology to reduce unnecessary energy consumption where possible.”

For the full research on the energy bills scheme, see here.

Adveco ARDENT Electric Boilers For More Sustainable Hot Water

ARDENT is a new range commercial electric boilers from hot water specialist Adveco. ARDENT can be combined with heat pump systems to provide a high-temperature energy source during the coldest months, or, as part of an indirect hot water system, can help eliminate damaging scale build-up commonly seen on direct electrical immersion heaters in hard water areas.

“Designed to serve an indirect water heater or heating system, multiple electric heating elements immersed into ARDENT’s integrated water storage tank provide a rapid and reliable source of thermal energy for estate managers seeking to avoid a reliance on gas energy supplies,” said Bill Sinclair, technical director, Adveco.

Encompassing wall-hung and floor-standing variants with heat outputs from 9 to 100 kW, ARDENT provides an easy to integrate, high capacity, reliable, and compact response for electric hot water and central heating demands in schools and tertiary education buildings.

ARDENT commercial electric hot water boilers, use electricity to more efficiently to provide rapid heating with consistent water temperatures. With stepped power control ARDENT reduces start-up current and provides optimum heating output by economically adjusting the output when approaching the set point temperature. Range rating allows the maximum output to be limited to reduce wear on the heating elements and operate within the power availability on site. ARDENT includes integrated overheat protection as standard to ensure safe operation.

With no requirements for flueing, ARDENT will typically benefit from lower installation costs and can be an easier to install option for smaller plant rooms or awkward spaces. With silent operation and no combustion by-products ARDENT electric boilers offer a safer more sustainable option for water heating.

The ARDENT Standard 24 kW and 36 kW model features three heating elements with thermostat input and output control to an external pump.

The ARDENT Plus 9kW, 12 kW and 24 kW models feature two or three heating elements with six or nine circuits controlled by the front-mounted controller with LCD display.  Models include an integrated expansion vessel, relief valve, and circulation pump. Additional controls for a 3-port valve and fault output are available.

For larger-scale applications, ARDENT is also available as a floor-standing appliance with 60 kW, 80 kW and 100 kW heat outputs. Stepped element control is included, as well as an automatic air relief valve, safety valve, and temperature and pressure sensors. The integral controller boasts an LCD display and fault output.   

www.adveco.co